Declared Dividend • May 20
First quarter dividend of US$1.20 announced Shareholders will receive a dividend of US$1.20. Ex-date: 21st May 2026 Payment date: 12th June 2026 Dividend yield will be 1.7%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 08
Primerica, Inc. announces Quarterly dividend, payable on June 12, 2026 Primerica, Inc. announced Quarterly dividend of USD 1.2000 per share payable on June 12, 2026, ex-date on May 21, 2026 and record date on May 21, 2026. Announcement • Apr 16
Primerica, Inc. to Report Q1, 2026 Results on May 06, 2026 Primerica, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026 Announcement • Apr 03
Primerica, Inc., Annual General Meeting, May 21, 2026 Primerica, Inc., Annual General Meeting, May 21, 2026. Location: 1 primerica parkway, duluth, georgia 30099, United States Announcement • Feb 12
Primerica, Inc. Approves Dividend for the First Quarter of 2026, Payable on March 13, 2026 Primerica, Inc.'s board of directors approved a 15% increase to the first quarter dividend, now at $1.20 per share and payable on March 13, 2026 to stockholders of record on February 23, 2026. Announcement • Jan 24
Beatriz R. Perez and Gary L. Crittenden Not to Stand for Re-Election as Board of Directors of Primerica, Inc Primerica, Inc. announced that on January 19, 2026, Ms. Beatriz R. Perez notified the Board of Directors of Primerica, Inc. that, after serving as a director for over 11 years, she has chosen not to stand for reelection to the Board at the annual meeting of stockholders to be held in May 2026. On January 19, 2026, Mr. Gary L. Crittenden notified the Board that, after serving as a director for over 12 years, he has chosen not to stand for reelection to the Board at the annual meeting of stockholders to be held in May 2026. Announcement • Jan 22
Primerica, Inc. to Report Q4, 2025 Results on Feb 11, 2026 Primerica, Inc. announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Announcement • Nov 20
Primerica, Inc. (NYSE:PRI) announces an Equity Buyback for $475 million worth of its shares. Primerica, Inc. (NYSE:PRI) announces a share repurchase program. Under the program, the company will repurchase up to $475 million worth of its shares. The program is valid till December 31, 2026. Announcement • Nov 06
Primerica, Inc. Approves Dividend, Payable on December 15, 2025 Primerica, Inc. announced that the Board of Directors has approved a dividend of $1.04 per share, payable on December 15, 2025, to stockholders of record on November 21, 2025. Announcement • Oct 16
Primerica, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Primerica, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Announcement • Aug 07
Primerica, Inc. Declares Dividend, Payable on September 15, 2025 The Board of Directors of Primerica, Inc. approved a dividend of $1.04 per share, payable on September 15, 2025, to stockholders of record on August 22, 2025. Announcement • Jul 17
Primerica, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Primerica, Inc. announced that they will report Q2, 2025 results at 4:00 PM, Eastern Standard Time on Aug 06, 2025 Announcement • Jun 05
Apax Digital, TPG, and Primerica Reportedly Eye Minority Stake in Tessolve Semiconductor Tessolve Semiconductor Pvt. Ltd. is in talks with global private equity (PE) firms Apax Digital (The Apax Digital Fund), TPG (TPG Inc. (NasdaqGS:TPG)), and Primerica (Primerica, Inc. (NYSE:PRI), among others, to sell a minority stake for growth capital, according to three people with knowledge of the development. The PE firms are eyeing 30% - 40% stake in the semiconductor services company at a valuation of around $300 million, the people cited above said on the condition of anonymity. "Currently, the due diligence is on," the first person said. "Binding bids will take some time." The second person said that global investment bank Jefferies has been appointed to help the company raise capital. "The capital will help the company grow its business inorganically and expand into newer categories and also grow its geographical presence," this person said. "It is looking for a PE partner to help it with growth capital”. Tessolve Semiconductor is 70% owned by Hero Electronix, which is part of Delhi-based Hero Group and is promoted by Suman Kant Munjal, managing director of auto-component manufacturer Rockman Industries. Earlier, Tessolve in 2021 reportedly raised $40 million from Singapore-based private equity firm Novo Tellus Capital Partners at a $100 million valuation, and used the funds for acquisitions and expansions. Spokespersons for Jefferies, TPG and Apax Digital declined to comment. Emails to Hero Electronix, Novo Tellus, Primerica, and Tessolve Semiconductor remained unanswered till press time. In an interview with Mint last year, Chinamilli, Co-Founder and Chief Executive Officer of the Bengaluru-based company said Tessolve is mulling an initial public offering (IPO) in some time. "An IPO is definitely on the table, not right now but in three, four years from now," he had said then. Announcement • May 08
Primerica, Inc. Approves Quarterly Dividend, Payable on June 13, 2025 The Board of Directors of Primerica, Inc. has approved a dividend of $1.04 per share, payable on June 13, 2025, to stockholders of record on May 22, 2025. Announcement • Apr 17
Primerica, Inc. to Report Q1, 2025 Results on May 07, 2025 Primerica, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Apr 03
Primerica, Inc., Annual General Meeting, May 14, 2025 Primerica, Inc., Annual General Meeting, May 14, 2025. Location: 1 primerica parkway, duluth, georgia 30099, United States Announcement • Jan 29
Primerica, Inc. to Report Q4, 2024 Results on Feb 11, 2025 Primerica, Inc. announced that they will report Q4, 2024 results After-Market on Feb 11, 2025 Recent Insider Transactions • Nov 13
CEO & Director recently sold €849k worth of stock On the 11th of November, Glenn Williams sold around 3k shares on-market at roughly €283 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Glenn has been a net seller over the last 12 months, reducing personal holdings by €3.1m. Declared Dividend • Nov 11
Third quarter dividend of US$0.90 announced Shareholders will receive a dividend of US$0.90. Ex-date: 21st November 2024 Payment date: 12th December 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$5.73 (vs US$4.23 in 3Q 2023) Third quarter 2024 results: EPS: US$5.73 (up from US$4.23 in 3Q 2023). Revenue: US$774.1m (up 6.4% from 3Q 2023). Net income: US$194.7m (up 29% from 3Q 2023). Profit margin: 25% (up from 21% in 3Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year. Announcement • Nov 07
Primerica, Inc. Approves Dividend, Payable on December 12, 2024 The board of directors of Primerica, Inc. has approved a dividend of $0.90 per share, payable on December 12, 2024 to stockholders of record on November 21, 2024. Announcement • Oct 24
Primerica, Inc. to Report Q3, 2024 Results on Nov 06, 2024 Primerica, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Announcement • Sep 26
Primerica, Inc. Announces Executive Changes Primerica, Inc. announced that Robert H. Peterman Jr. has been appointed as executive vice president and chief operating officer, effective October 1, 2024. In his new role. Peterman will report to the company's chief executive officer, Glenn Williams. Gregory C. Pitts, the company's current executive vice president and chief operating officer, has informed the company about his decision to retire after 40 years of service on or about April 1, 2025. He will step down from the chief operating officer role effective October 1, 2024. Peterman, who has been with Primerica for over 40 years, most recently served as the executive vice president and chief distribution officer and previously as chief marketing officer and president of Primerica Distribution. He oversaw recruiting, licensing, education, field compensation, and decision support. During his tenure, he has also served as CEO of Primerica's New York life Insurance subsidiary. He joined the company in October 1984. Recent Insider Transactions • Sep 12
Director recently sold €461k worth of stock On the 10th of September, John Addison sold around 2k shares on-market at roughly €230 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €693k. Insiders have been net sellers, collectively disposing of €6.9m more than they bought in the last 12 months. Recent Insider Transactions • Aug 13
CEO & Director recently sold €693k worth of stock On the 12th of August, Glenn Williams sold around 3k shares on-market at roughly €231 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Glenn has been a net seller over the last 12 months, reducing personal holdings by €3.0m. Declared Dividend • Aug 12
Second quarter dividend of US$0.90 announced Shareholders will receive a dividend of US$0.90. Ex-date: 21st August 2024 Payment date: 12th September 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.034 (vs US$3.97 in 2Q 2023) Second quarter 2024 results: EPS: US$0.034 (down from US$3.97 in 2Q 2023). Revenue: US$803.4m (up 14% from 2Q 2023). Net income: US$1.17m (down 99% from 2Q 2023). Profit margin: 0.1% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
Primerica, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Primerica, Inc. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Announcement • Jul 03
Primerica, Inc.(NYSE:PRI) dropped from Russell 2500 Growth Index Primerica, Inc.(NYSE:PRI) dropped from Russell 2500 Growth Index Recent Insider Transactions • Jun 15
CEO & Director recently sold €621k worth of stock On the 13th of June, Glenn Williams sold around 3k shares on-market at roughly €207 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Glenn has been a net seller over the last 12 months, reducing personal holdings by €3.1m. Declared Dividend • May 13
First quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 20th May 2024 Payment date: 12th June 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 08
Primerica, Inc. Declares Cash Dividend, Payable on June 12, 2024 The Board of Directors of Primerica, Inc. has approved a dividend of $0.75 per share, payable on June 12, 2024 to stockholders of record on May 21, 2024. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$3.95 (vs US$3.47 in 1Q 2023) First quarter 2024 results: EPS: US$3.95 (up from US$3.47 in 1Q 2023). Revenue: US$742.8m (up 5.1% from 1Q 2023). Net income: US$137.9m (up 8.1% from 1Q 2023). Profit margin: 19% (in line with 1Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year. Announcement • Apr 23
Primerica, Inc. to Report Q1, 2024 Results on May 06, 2024 Primerica, Inc. announced that they will report Q1, 2024 results After-Market on May 06, 2024 Announcement • Mar 28
Primerica, Inc., Annual General Meeting, May 08, 2024 Primerica, Inc., Annual General Meeting, May 08, 2024, at 08:30 Eastern Daylight. Location: The Primerica Home Office located at 1 Primerica Parkway Duluth Georgia United States Agenda: To elect the eleven directors nominated by Board of Directors; to consider an advisory vote on executive compensation; to ratify the appointment of KPMG LLP as independent registered public accounting firm for the year ending December 31, 2024; and to consider other business issues. Recent Insider Transactions • Mar 12
Executive VP & COO recently sold €844k worth of stock On the 11th of March, Gregory Pitts sold around 4k shares on-market at roughly €225 per share. This transaction amounted to 53% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €915k. This was Gregory's only on-market trade for the last 12 months. Recent Insider Transactions • Feb 22
CEO & Director recently sold €915k worth of stock On the 16th of February, Glenn Williams sold around 4k shares on-market at roughly €229 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Glenn has been a net seller over the last 12 months, reducing personal holdings by €3.2m. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: US$16.04 (vs US$9.77 in FY 2022) Full year 2023 results: EPS: US$16.04 (up from US$9.77 in FY 2022). Revenue: US$2.82b (up 1.1% from FY 2022). Net income: US$576.6m (up 55% from FY 2022). Profit margin: 21% (up from 13% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 13
Upcoming dividend of US$0.75 per share at 1.1% yield Eligible shareholders must have bought the stock before 20 February 2024. Payment date: 12 March 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.8%). Declared Dividend • Feb 12
Third quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 20th February 2024 Payment date: 12th March 2024 Dividend yield will be 1.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 09
Primerica, Inc. Increases First Quarter Dividend, Payable on March 12, 2024 Primerica, Inc. announced that the Board of Directors has approved a 15% increase in stockholder dividend for the first quarter of 2024 to $0.75 per share. The dividend is payable on March 12, 2024, to stockholders of record on February 21, 2024. Announcement • Jan 31
Primerica, Inc. to Report Q4, 2023 Results on Feb 13, 2024 Primerica, Inc. announced that they will report Q4, 2023 results After-Market on Feb 13, 2024 Announcement • Dec 07
Primerica, Inc. Elects Darryl L. Wilson Member of the Board of Directors, Effective February 17, 2024 Primerica, Inc. announced the election of Darryl L. Wilson to fill the vacancy in the Company’s Board of Directors. His term will begin on February 17, 2024. Mr. Wilson is the founder, chairman and president of The Wilson Collective, a business advisory and investment firm investing in startup companies and providing resources and advisory services to a broad base of global clients. Prior to launching the firm in 2018, Mr. Wilson spent more than 30 years in global leadership roles, with 25 years at General Electric and 5 years with British Petroleum NA. At General Electric, he held a number of senior leadership positions of increasing responsibility including vice president, commercial of GE Power, a business of GE, prior to his retirement in December 2017. He served in several other roles, including vice president & chief commercial officer of GE Energy Connections, vice president & chief commercial officer of GE Distributed Power and vice president & chief executive officer of GE Aero-derivative Products. He also served internationally as the president and chief executive officer of GE Consumer & Industrial Asia & India based in Shanghai, China and president and chief executive officer of GE Consumer Products Europe, Middle East & Africa based in Budapest, Hungary. Mr. Wilson also serves on the boards of directors of NextEra Energy and Eaton Corporation and formerly served as Board Chair of the Houston Branch of the Dallas Federal Reserve Bank. He received a B.A. in Business Administration from Baldwin Wallace College and an M.B.A. from Indiana University. Recent Insider Transactions • Dec 03
Executive VP & CFO recently sold €578k worth of stock On the 30th of November, Alison Rand sold around 3k shares on-market at roughly €193 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €767k. Alison has been a net seller over the last 12 months, reducing personal holdings by €837k. Recent Insider Transactions • Nov 14
CEO & Director recently sold €767k worth of stock On the 10th of November, Glenn Williams sold around 4k shares on-market at roughly €192 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Glenn has been a net seller over the last 12 months, reducing personal holdings by €2.3m. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: US$4.25 (vs US$1.38 in 3Q 2022) Third quarter 2023 results: EPS: US$4.25 (up from US$1.38 in 3Q 2022). Revenue: US$710.9m (up 3.1% from 3Q 2022). Net income: US$152.1m (up 195% from 3Q 2022). Profit margin: 21% (up from 7.5% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 25
Primerica, Inc. to Report Q3, 2023 Results on Nov 07, 2023 Primerica, Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Announcement • Sep 16
Primerica, Inc. Appoints Tracy Tan as Executive Vice President, Finance Primerica, Inc. appointed Tracy Tan has been appointed as executive vice president, Finance. Tan, who has more than 20 years of progressive finance and leadership experience, comes to Primerica from Strategic Link Consulting (SLC), a fintech enterprise offering turnkey solutions, lending platform and risk management services, where she has served as the company's chief financial officer since November 2018. Prior to that, she was senior vice president and chief financial officer for Assurant Global Housing, a subsidiary of Assurant, Inc. Announcement • Sep 15
Primerica, Inc. Names Tracy Tan as Successor to Chief Financial Officer Primerica, Inc. announced the appointment of Tracy Tan to the role of Executive Vice President, Finance reporting to the company’s Chief Executive Officer, Glenn Williams beginning on October 16, 2023. Tan will assume the role of Chief Financial Officer as of the date that the Company’s existing Chief Financial Officer relinquishes that title, which shall occur no later than April 1, 2024. Ms. Tan is an accomplished finance business leader with more than twenty years of progressive finance and leadership experience. She comes to Primerica from Strategic Link Consulting (SLC), a fintech enterprise offering turnkey solutions, lending platform and risk management services, where she has served as the company’s Chief Financial Officer since November 2018. At SLC, she is responsible for overseeing economic and business strategy, financial management, planning and analysis, controllership, treasury, investor relations, tax, audits, and capital markets for all lines of business. During portions of her tenure, she also headed SLC’s Strategy and Human Resources functions. From December 2015 to January 2018, Ms. Tan was Senior Vice President and Chief Financial Officer for Assurant Global Housing, a subsidiary of Assurant, Inc. (NYSE: AIZ), an insurance and financial services company. From October 2013 to December 2015, she served as Vice President of Finance and Divisional CFO for Novelis North America, a subsidiary of Novelis, a global leader in rolled aluminum. From September 2005 to September 2013, she was Vice President of Finance and Divisional CFO for the Electrical and Industrial Divisions of Southwire Company, a top global wire and cable producer. Ms. Tan began her career at General Electric Company in 1996, where she held various roles with increasing responsibilities across four industries through 2005, including her last role, from July 2003 to August 2005, as Vice President and Chief Financial Officer for GE Intelligent Platform Embedded Systems. Ms. Tan holds a B.A. degree in English Language Arts from Xi’an International Studies University, China and an M.B.A. degree from Bowling Green State University. She is also an alumna of GE’s Experienced Financial Leadership Program and Financial Management Program. Recent Insider Transactions • Aug 11
CEO & Director recently sold €775k worth of stock On the 10th of August, Glenn Williams sold around 4k shares on-market at roughly €194 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Glenn has been a net seller over the last 12 months, reducing personal holdings by €1.5m. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: US$3.99 (vs US$2.80 in 2Q 2022) Second quarter 2023 results: EPS: US$3.99 (up from US$2.80 in 2Q 2022). Revenue: US$690.3m (flat on 2Q 2022). Net income: US$144.5m (up 35% from 2Q 2022). Profit margin: 21% (up from 16% in 2Q 2022). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
Primerica, Inc. to Report Q2, 2023 Results on Aug 07, 2023 Primerica, Inc. announced that they will report Q2, 2023 results After-Market on Aug 07, 2023 Recent Insider Transactions • May 28
President recently sold €605k worth of stock On the 26th of May, Peter Schneider sold around 4k shares on-market at roughly €173 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.7m. This was Peter's only on-market trade for the last 12 months. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$3.41 (vs US$2.07 in 1Q 2022) First quarter 2023 results: EPS: US$3.41 (up from US$2.07 in 1Q 2022). Revenue: US$690.5m (down 2.3% from 1Q 2022). Net income: US$125.1m (up 54% from 1Q 2022). Profit margin: 18% (up from 12% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 08
Executive VP & COO recently sold €1.7m worth of stock On the 6th of March, Gregory Pitts sold around 10k shares on-market at roughly €172 per share. This transaction amounted to 73% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gregory has been a net seller over the last 12 months, reducing personal holdings by €2.4m. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €180, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €288 per share. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$9.82 (vs US$9.41 in FY 2021) Full year 2022 results: EPS: US$9.82 (up from US$9.41 in FY 2021). Revenue: US$2.72b (down 1.9% from FY 2021). Net income: US$373.0m (flat on FY 2021). Profit margin: 14% (in line with FY 2021). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Feb 08
Primerica, Inc. Increases Quarterly Dividend, Payable on March 14, 2023 Primerica, Inc. announced that the Board of Directors has approved an 18% increase in stockholder dividends to $0.65 per share. The dividend is payable on March 14, 2023, to stockholders of record on February 21, 2023. Announcement • Jan 26
Primerica, Inc. to Report Q4, 2022 Results on Feb 23, 2023 Primerica, Inc. announced that they will report Q4, 2022 results After-Market on Feb 23, 2023 Announcement • Nov 18
Primerica, Inc. (NYSE:PRI) announces an Equity Buyback for $375 million worth of its shares. Primerica, Inc. (NYSE:PRI) announces a share repurchase program. Under the program, the company will repurchase up to $375 million worth of its shares. The program is valid till December 31, 2023. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Independent Director Amber Cottle was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$1.38 (vs US$2.83 in 3Q 2021) Third quarter 2022 results: EPS: US$1.38 (down from US$2.83 in 3Q 2021). Revenue: US$689.6m (down 2.7% from 3Q 2021). Net income: US$51.6m (down 54% from 3Q 2021). Profit margin: 7.5% (down from 16% in 3Q 2021). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Independent Director Amber Cottle was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 26
Primerica, Inc. to Report Q3, 2022 Results on Nov 08, 2022 Primerica, Inc. announced that they will report Q3, 2022 results After-Market on Nov 08, 2022 Recent Insider Transactions • Aug 18
Executive VP & COO recently sold €688k worth of stock On the 16th of August, Gregory Pitts sold around 5k shares on-market at roughly €133 per share. This was the largest sale by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. Announcement • Aug 09
Primerica, Inc. Approves Dividend, Payable on September 14, 2022 Primerica, Inc. announced that the board of directors has approved a dividend of $0.55 per share, payable on September 14, 2022, to stockholders of record on August 22, 2022. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: US$2.81 (vs US$3.23 in 2Q 2021) Second quarter 2022 results: EPS: US$2.81 (down from US$3.23 in 2Q 2021). Revenue: US$668.7m (flat on 2Q 2021). Net income: US$107.9m (down 15% from 2Q 2021). Profit margin: 16% (down from 19% in 2Q 2021). Over the next year, revenue is forecast to grow 5.3%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Announcement • Jul 26
Primerica, Inc. to Report Q2, 2022 Results on Aug 08, 2022 Primerica, Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 08, 2022 Upcoming Dividend • May 12
Upcoming dividend of US$0.55 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.8%). Announcement • May 12
Primerica, Inc. Announces Board Changes Primerica, Inc. announced the election of Amber Cottle to the Company's Board of Directors effective immediately. Ms. Cottle replaces former Senator Saxby Chambliss following his 5 years of service on the Board.Ms. Cottle has been the Vice President of Global Public Policy, Government Affairs & Social Impact at Dropbox, Inc. since August 2016. Board Change • May 08
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Independent Director Sanjeev Dheer was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 06
Primerica, Inc. Declares Dividend, Payable on June 14, 2022 The board of directors of Primerica, Inc. Declared dividend of $0.55 per share, payable on June 14, 2022, to stockholders of record on May 20, 2022. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Director Sanjeev Dheer was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Primerica, Inc. to Report Q1, 2022 Results on May 05, 2022 Primerica, Inc. announced that they will report Q1, 2022 results After-Market on May 05, 2022 Announcement • Mar 31
Primerica, Inc., Annual General Meeting, May 11, 2022 Primerica, Inc., Annual General Meeting, May 11, 2022, at 08:30 US Eastern Standard Time. Location: The Primerica Home Office located at 1 Primerica Parkway Duluth Georgia United States Agenda: To elect the eleven directors nominated by our Board of Directors and named in the accompanying Proxy Statement; to consider an advisory vote on executive compensation; to ratify the appointment of KPMG LLP as our independent registered public accounting firm for the year ending December 31, 2022; and to transact such other business as may properly come before the Annual Meeting and any adjournments thereof. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$9.41 (down from US$9.60 in FY 2020). Revenue: US$2.77b (up 22% from FY 2020). Net income: US$371.8m (down 3.3% from FY 2020). Profit margin: 13% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.8%, compared to a 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 09
Primerica, Inc. Increases Quarterly Dividend, Payable on March 14, 2022 Primerica, Inc. announced that the Board of Directors has approved a 17% increase in stockholder dividends to $0.55 per share. The dividend is payable on March 14, 2022, to stockholders of record on February 22, 2022. Announcement • Feb 01
Primerica, Inc. to Report Q4, 2021 Results on Feb 14, 2022 Primerica, Inc. announced that they will report Q4, 2021 results After-Market on Feb 14, 2022 Recent Insider Transactions • Dec 02
President recently sold €463k worth of stock On the 29th of November, Peter Schneider sold around 4k shares on-market at roughly €132 per share. This was the largest sale by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Reported Earnings • Nov 09
Third quarter 2021 earnings released: EPS US$2.84 (vs US$2.82 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: US$693.2m (up 19% from 3Q 2020). Net income: US$112.5m (flat on 3Q 2020). Profit margin: 16% (down from 19% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Aug 12
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 14 September 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (4.3%). Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS US$3.23 (vs US$2.52 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: US$670.2m (up 24% from 2Q 2020). Net income: US$127.6m (up 26% from 2Q 2020). Profit margin: 19% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Recent Insider Transactions • Jun 12
Director recently sold €205k worth of stock On the 9th of June, John Addison sold around 2k shares on-market at roughly €134 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €1.8m more than they bought in the last 12 months. Recent Insider Transactions • May 26
Independent Director recently sold €143k worth of stock On the 25th of May, Joel Babbit sold around 1k shares on-market at roughly €130 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Upcoming Dividend • May 13
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 20 May 2021. Payment date: 14 June 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.2%).